USD/INR loses momentum, optimism in Indian equities boosts Indian Rupee

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USD/INR loses momentum, optimism in Indian equities boosts Indian Rupee
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Indian Rupee (INR) trades in positive territory on Tuesday on a softer US dollar (USD).

India n Rupee holds positive ground on Tuesday. The weaker USD and foreign flows into India n equities created a headwind for USD/INR. Traders await India ’s Q4 GDP and US PCE inflation data, which are due on Friday. India n Rupee trades in positive territory on Tuesday on a softer US dollar . The appreciation of the INR is backed by a positive trend in domestic equities, with the country’s benchmark indices reaching new peaks.

US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the weakest against the Australian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD -0.17% -0.08% -0.10% -0.27% -0.15% -0.18% -0.16% EUR 0.16% 0.08% 0.06% -0.10% 0.03% -0.02% 0.02% GBP 0.08% -0.08% -0.02% -0.18% -0.06% -0.10% -0.07% CAD 0.10% -0.06% 0.02% -0.15% -0.04% -0.08% -0.05% AUD 0.27% 0.09% 0.17% 0.17% 0.13% 0.09% 0.12% JPY 0.14% -0.03% 0.06% 0.01% -0.14% -0.

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